Shanghai Composite (SSEC.NDX)

Close: 3 400.14 (+2.07), Dec 27, 2024
Positive

Liquidity risk: Volatility risk:

Overall analysis

Shanghai Composite is technically positive for the short, medium, as well as the long term.

Recommendation one to six months: Positive

Short term

Shanghai Composite is in a rising trend channel in the short term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. The index is between support at points 3360 and resistance at points 3470. A definitive break through of one of these levels predicts the new direction. Trading volume has increased substantially lately. This shows there is an increased interest for the index, possibly because of fundamental news. The index is overall assessed as technically positive for the short term.

Recommendation one to six weeks: Positive

Medium term

Shanghai Composite is within an approximate horizontal trend channel in the medium long term, which indicates further development in the same direction. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 3300 points. The RSI curve shows a rising trend, which is an early signal of a possible trend reversal upwards for the price as well. The index is overall assessed as technically positive for the medium long term.

Recommendation one to six months: Positive

Long term

Shanghai Composite has broken through the ceiling of a falling trend channel in the long term. This indicates a slower falling rate initially, or the start of a more horizontal development. The index has given a positive signal from the rectangle formation by a break up through the resistance at 3128. Further rise to 3675 or more is signaled. The index has marginally broken up through resistance at points 3400. An established break predicts a further rise. The RSI curve shows a rising trend, which could be an early signal of the start of a rising trend for the price as well. The index is overall assessed as technically positive for the long term.

Recommendation one to six quarters: Positive



Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-0.73%2 804.17+0.06%
5 days59.852.48%1 397.50+0.95%
22 days17.686.66%318.10+2.73%
66 days7.5713.87%106.46+24.27%
 


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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